Revolut's Billion Euro Bet: A French Banking Licence?

Revolut is betting big on France! The fintech giant is investing one billion euros and seeking a French banking licence to deepen ties with local customers, despite already operating in Europe with its Lithuanian licence. Revolut's Western Europe CEO, Béatrice Cossa-Dumurgier, highlights that this move is about hyper-localization and building trust through France's rigorous regulatory environment, not about necessity. While a UK banking licence is still under review, Revolut assures customers that operations will continue uninterrupted as they navigate the French application process.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.